Financial watchdog lifts restrictions on Wirecard

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The UK’s financial watchdog has lifted restrictions on German payments company Wirecard, allowing it to resume payment activities.The Financial Conduct Authority (FCA) imposed restrictions on the company’s UK arm after its collapse last week.Thousands of people could not access their money or make payments through apps as a result.”Our primary objective all along has been to protect the interests and money of consumers,” the FCA said.Customers should now, or very shortly, be able to use their cards as usual.”We have been working closely with Wirecard UK and other authorities over the last few days to ensure that the firm was able to meet certain conditions required to lift the restrictions we imposed on it,” the FCA said in a statement.”We are now in a position to allow Wirecard to resume operational activity.”Several British technology companies were forced to suspend services due to the FCA restrictions, leaving thousands of accounts blocked.Online firm Pockit’s payment cards, for example, were locked because they used a payment processing service owned by Wirecard. ‘I’m left with nothing’

Dawn Guilfoyle is one of thousands who were barred from using their cash cards because of the failure of huge …

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